Education Finance Calculator

Free education finance calculator to estimate student loan payment. Instant results in your browser — no signup.

JavaScript is required for live calculation.

You can still read how Education Finance Calculator works, the formula, examples, and FAQs below.

Loan balance
APR
Term

Direct calculator

Inputs

Loan balance

APR

Term

Results update when you click Estimate.

Monthly payment

$10,300.33

((loan_balance) * ((apr)/1200) * Math.pow(1+(apr)/1200, (term))) / (Math.pow(1+(apr)/1200, (term)) - 1)

Total paid

$103,003.31

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What this result means

Free education finance calculator to estimate student loan payment. Instant results in your browser — no signup. Estimate student loan payment: ((loan_balance) * ((apr)/1200) * Math.pow(1+(apr)/1200, (term))) / (Math.pow(1+(apr)/1200, (term)) - 1).

Assumptions

Rule dependency: Country/product dependent.

How it works

Estimate student loan payment: ((loan_balance) * ((apr)/1200) * Math.pow(1+(apr)/1200, (term))) / (Math.pow(1+(apr)/1200, (term)) - 1).

Example

Example: “student loan calculator”. Enter your values and click the button to get a result.

Frequently asked questions

What does this student loan payment calculator do?+

It helps you estimate student loan payment. Typical search: “student loan calculator”.

How should I read the result?+

Estimate student loan payment using loan balance; APR; term. Result: monthly payment.